SDL Property Auctions has seen many buyers in the first National Property Auction of the year and across Timed Auctions keen to snap up a development project.
A seven bedroomed semi-detached house in Liverpool with a huge amount of potential, was offered for sale in partnership with WRB Auctions and sold for £155,000 against a guide price of £45,000+. In a great location, the property could be converted to flats, with a planning application submitted for three apartments, or become a House in Multiple Occupation, subject to the necessary consents.
Occupying a three-acre plot in Derbyshire and providing plenty of space for development, subject to planning permission, was an ideal property project for a family with equestrian interests. Offered in the National Property Auction for a guide price of £225,000+, it eventually sold for £377,000.
On the Derbyshire/ Nottinghamshire border, a row of three dwellings went under the hammer comprising a two-bedroomed mid terrace, a mixed-use property featuring a ground-floor retail area with four bedroomed property above, and a three bedroomed semi-detached house. The properties sold for £324,000 from a guide price of £250,000+.
Managing director and auctioneer Andrew Parker said: “Not all properties we sold in January were refurbishment or development projects; there were plenty of well-presented homes, too, as we see increasingly positive attitudes towards auctions on the part of private homeowners.” One such property was a beautiful, three-storey mid-terraced period property in Nottingham with four bedrooms and original features which sold for £20,000 above its guide of £255,000+.
Its latest auction saw a 1,000 seater derelict cinema in Oswaldtwistle go under the hammer too. The building is expected to be converted into apartments or a mixed-use scheme, subject to the planning permission, and went on sale with a guide price of £50,000+.